Which file is it you are referring to, Sherrit? I'm afraid what you are saying is simply not true - the Trust Deed disappears from your credit file 6 years after it started.

Also, there are countless members of this forum past and present who have told us how their lives have improved significantly as a result of using a Trust Deed to overcome their debt problems.

It sounds like you have had a bad experience, which is a real shame. Thankfully I am certain that this is not the experience of most people, though I appreciate that this probably will not come as any great comfort to you.

Hi sherrit,

It sounds like you haven’t had a great experience with your own Trust Deed which is disappointing to hear. I can therefore understand why you would advise people to avoid a Trust Deed at all costs.

In my experience the vast majority of clients Trust Deed’s run smoothly and without any problems and they are happy to have completed one and moved on with their lives debt free. For someone people they have advised that it has been a life saver.

A Trust Deed shouldn’t remain on your file for the rest of your life. Any defaults should remain on there 6 years from when they first go on. Also if you have received your discharge then this should fall off your credit file.

Hi Sheritt

Sounds like you have had a bad experience.

A trust deed is a statutory debt solution that has advantages as well as disadvantages. One of those disadvantages is that it does affect credit reporting however, as Swandog and Kevin has stated, it does not and should not stay on your credit report for ever.

Swandog is right, the vast majority of trust deeds run very smoothly with very few issues.

There have been threads on the forum detailing credit reports offering advice and suggestions to improve your credit score.

hope this helps